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Oil and gas lifting last year reached 1.8 million barrels of oil equivalent per day (BOEPD), or just 90.5 percent of the targeted 2.025 million BOEPD.
The Natuna Sea in the vicinity of the Riau Archipelago contains the largest gas field reserves according to the SKK Migas.
SKK Migas is eyeing to increase national oil production up to one million barrels daily by the year 2031.
SKK Migas reported 63 cases from 2012 to 202 of oil theft at Rokan Block managed by Chevron Pacific Indonesia (CPI)
SKK Migas deputy operation, Fatar Yani Abdurrahman, said that Pertamina could start the oil exploration in Rokan Block in early 2020.
Inpex Corporation has submitted the final proposal for Masela Block's plan of development (POD) to the SKK Migas.
Inpex Corporation plans submitting a proposal to extend its operating license in Masela by 20-year
Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) has disclosed the finding of a new potential gas reservoir in S. Sumatra.
DPR's Energy Commission estimates the country will run out of oil and gas reserves in less than 20 years.
The contractors signed deals to work on some important oil and gas fields, including in the East Bawean I, Bengkulu, Manokwari, and Indragiri Hulu.
The country's oil lifting will plummet to 500,000-600,000 bpd, a director general with the Finance Ministry says.
SKK Migas says by 2017 the Mahakam Block will only have oil reserves amounting to 7.8 percent of the initial discovery volume.
Once a new structure is formed, Sudirman will immediately ask for SKK Migas chief's input on potential deputy and division head candidates.
As of October, gas production has reached 7,085 BBTUD, just shy of the 7.099-BBUTD year-end target.
The SKK Migas should not be involved in oil and gas operation, let alone in setting LNG prices, says former Pertamina commissioner.
Indonesia is only able to produce 820,000 barrels of oil per day, whereas the daily consumption volume amounts to 1.5 million barrels.
The government has plans to cut and group 289 types of oil and gas exploration and exploitation permits.
Indonesia might descend into an energy crisis as the country still has no energy reserves, highly depending on fuel and LPG imports.
BPH Migas says the restriction on subsidized fuel sales has managed to reduced the state consumption of subsidized fuel.
BPH Migas chief says the budget should instead be used to push infrastructure development and improve the quality of Indonesians.